Zebra Technologies (NASDAQ:ZBRA) Reaches New 52-Week High - Here's Why

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $376.00 and last traded at $376.00, with a volume of 10081 shares trading hands. The stock had previously closed at $369.24.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZBRA. Needham & Company LLC upped their target price on Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. TD Cowen raised their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Vertical Research initiated coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $352.73.

Zebra Technologies Stock Performance

The firm's 50 day simple moving average is $345.89 and its 200 day simple moving average is $321.99. The firm has a market cap of $19.28 billion, a PE ratio of 74.41 and a beta of 1.66. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.24 EPS. On average, research analysts forecast that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.06% of the company's stock.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Norden Group LLC purchased a new position in Zebra Technologies in the first quarter worth approximately $2,108,000. SG Americas Securities LLC grew its stake in shares of Zebra Technologies by 105.5% during the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company's stock worth $4,612,000 after purchasing an additional 7,853 shares in the last quarter. Okabena Investment Services Inc. increased its holdings in Zebra Technologies by 6,195.6% in the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company's stock valued at $774,000 after buying an additional 2,788 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Zebra Technologies in the first quarter valued at $1,272,000. Finally, Tidal Investments LLC raised its stake in Zebra Technologies by 172.3% in the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock valued at $1,154,000 after buying an additional 2,422 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.